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Sandeep Krishna Bangla explains the concept of a tripartite agreement in the real estate industry. This agreement involves three parties - the buyer, the seller, and a financial institution. It is a legal document that spells out the terms and conditions of property deals when a financial institution is involved. Buyers of under-construction properties often sign tripartite agreements. This video aims to provide a brief understanding of what a tripartite agreement is and how it works.